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$10.00 minimum opening deposit but not more than $100
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.64% APR; .64% APY
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Interest is calculated on daily balances and paid at the end of the period
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Annual percentage yield is based on the annual crediting with no compounding interest
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Interest is earned from day of deposit to the date the Christmas Club check is issued in October
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Accounts closed prior to maturity will not earn interest
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Withdrawals are not permitted
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The annual aggregate deposit cannot exceed $5,000.00 in accounts with any of the same owners
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The initial deposit and all weekly deposits can not exceed $100.00
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Deposits may be made weekly according to the coupon schedule set by the bank, either in person, or through our website at www.thebankofglenburie.com
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Must be opened between October and December of each year
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This account is non-transferable
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One coupon book per individual
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An existing deposit/loan is required to open a Christmas Club Account